Last updated on November 13th, 2022
Here’s a guide on how you can do so:
Can you hold DOT on Metamask?
You are only able to hold DOT on Metamask via the Binance-Peg DOT token, and not the DOT token that is native to the Polkadot blockchain. This is because Metamask does not support the Polkadot network, but you are able to add the Binance Smart Chain to Metamask.
How to add Binance-Peg DOT to Metamask
Here are 4 steps to add DOT to Metamask:
- Go to Metamask and ensure that you are using the Binance Smart Chain
- Select ‘Import Tokens’, and then ‘Import Custom Token’
- Copy the Binance Smart Chain contract from CoinMarketCap
- Double check that DOT is detected and select ‘Add Custom Token’
Go to Metamask and ensure that you are using the Binance Smart Chain
The first thing you’ll need to do is to ensure that you are using the Binance Smart Chain on Metamask.
If you have not set up the Binance Smart Chain on your Metamask wallet, you can check out this step-by-step guide here.
Select ‘Import Tokens’, and then ‘Import Custom Token’
Once you’re on the Binance Smart Chain, the next step will be to select ‘Import Tokens‘.
On the Binance Smart Chain network, you are only able to import custom tokens.
Copy the Binance Smart Chain contract from CoinMarketCap
For the next part, you can go to the DOT page on CoinMarketCap.
I prefer using CoinMarketCap to obtain the contract address, as it is one of the most reliable sites with regards to cryptocurrencies.
There is a section called ‘Contracts‘, where you’ll see the BSC contract for DOT.
You can click on the contract and it will be copied to your clipboard.
Double check that DOT is detected and select ‘Add Custom Token’
Once you’ve copied the Contract Address, you can paste it in the ‘Token Contract Address‘ field in Metamask.
If you pasted the correct contract address, DOT should automatically appear as the Token Symbol.
After selecting ‘Add Custom Token‘, you will need to confirm importing DOT one more time.
Once you’ve successfully imported DOT to your Metamask wallet, you should see it as one of your assets under the Binance Smart Chain.
This will allow you to view any DOT that you’ve deposited via the BSC!
The BNB Smart Chain is an EVM-compatible network, and you can find out more about why this is so important here:
How To Add USDT To Your Metamask Wa...How To Add USDT To Your Metamask WalletConclusion
When you add DOT on Metamask, you are holding DOT that is on the Binance Smart Chain (BEP20). This allows you to send and receive DOT on the Binance Smart Chain, even though Polkadot’s native network is different from the Binance Smart Chain.
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